Role of Import and Export Trade in an Economy – Institutional Framework for Foreign trade in India -Role of Director General of Foreign Trade and Commerce – Objectives of EXIM Policy – Global trade flows – Contract of International Sale of Goods – INCOTERMS 2010.
Marketing for Exports – Negotiation and finalization of Export contract – Export Documentation Procedures – Cargo Insurance – Export Promotion Councils and incentive schemes- Role of Logistics in Exports- Export Houses / Trading Houses
Import for industrial use / trading – Import Documentation and Customs clearance procedures – Types of Imports – Import Licenses – Cargo Insurance – Role of Logistics in Import
Payment methods in Foreign Trade – Documentary Credit / Letter of Credit–LOU-UCP 600 with respect to Shipping Documents and L/C Negotiation – Export / import financing strategies – Managing payment risks.
Roles of Service providers in EXIM transactions – Global Traders – Commodity Brokers – Custom House Agents – Transport Operators – Freight Forwarders – Warehousing and 3PL service providers – Liners /Ship Agencies – Container Freight Stations – Port – Inspection Agencies/ surveyors – Quarantine Agencies – Pest Control Agencies – Chamber of Commerce.